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Alcatel Says 50 of Its Factories
Are Now Candidates for Sale

By

Kevin J. Delaney Staff Reporter of The Wall Street Journal

Updated July 2, 2001 12:01 a.m. ET

PARIS -- The head of Alcatel SA said Friday that 50 of the company's roughly 100 factories were candidates for sale, retreating from his statement earlier in the week that the French company hoped to sell all but about 12 plants by the end of 2002.

Alcatel Chairman and Chief Executive Serge Tchuruk's comments came after union representatives cut short a meeting with him Friday morning to protest what they saw as a lack of detail on...